Is that Apple you're wearing?

A series of reports this week in the US have all but confirmed that Apple is developing a "smart watch" as it seeks to repeat its trick with the iPhone and iPad and create a new market.

The details of the device are sketchy, but it is claimed its features could include a curved touchscreen made from a new type of flexible glass, an array of sensors to monitor exercise patterns and heart rate, "wave and pay" function, access to maps, voice control and wireless integration with the iPhone. That could allow the wearer to take calls and read messages without having to delve into a pocket or bag, or mean the iPhone would know when it was in its owner's hand and unlock automatically.

Apple reportedly has a team of 100 product designers working on the project, indicating it is beyond the experimentation phase and heading towards production. It is claimed that Foxconn, the contractor that assembles iPhones and iPads in vast Chinese factory complexes, is in talks with Apple about the device, as well as working with component suppliers on efficient microchips and displays.